Crypto.com has launched an investment arm and allocated $200m to go to promising startups that focus on cryptocurrencies.
The company aims to expand its existing relationships with promising entrepreneurs as well as seek out new ties with potential game-changers within the crypto and blockchain industry.
Crypto.com Capital will use the money to launch seed investment rounds, with the funding cap placed at anything between $100,000 and $3m depending on the scope and depth of each project.
Crypto.com has launched a number of interesting cash back initiatives over the years. It offers 14% interest on crypto and FIAT Visa cards. At the same time, Crypto.com has reached a total of 10 million users worldwide with CEO Kris Marszalek confirming that striking up new partnerships was a priority.
Co-founder Bobby Bao added that the investment arm would provide startups with quick access to a global user base thanks to the early funding. “The motto and operating principle of Crypto.com Capital is ‘Founders First’”, he said.
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